(6 September 2011 - Hong Kong) C C Land Holdings Limited ("C C Land" or the "Company", together with its subsidiaries, collectively known as the "Group"; stock code: 1224) is pleased to announce the unaudited operational data for August 2011. From January to August 2011 inclusive, the Group's accumulated contract sales posted an year-on-year growth of about 30% amounting to about RMB3,795 million, whereas the total gross floor area ("GFA") sold reached about 415,500 sqm, a decrease of about 8% over the same period of last year.

During the month, the Group achieved contract sales of approximately RMB227 million with GFA sold of about 24,400 sqm. Contract sales and GFA recorded year-on-year decreases of about 63% and 70%, while the month-on-month decreases are about 30% and 25% respectively.

As at the end of August 2011, the amount of subscription sales not yet converted into contract sales was about RMB830.4 million.

Source:irasia